Manappuram Finance advances on getting nod to raise up to Rs 500 crore via NCDs
Manappuram Finance is currently trading at Rs. 275.60, up by 1.30 points or 0.47% from its previous closing of Rs. 274.30 on the BSE.
The scrip opened at Rs. 272.35 and has touched a high and low of Rs. 276.65 and Rs. 271.50 respectively. So far 43938 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 298.00 on 17-Sep-2025 and a 52 week low of Rs. 165.60 on 05-Dec-2024.
Last one week high and low of the scrip stood at Rs. 289.90 and Rs. 271.50 respectively. The current market cap of the company is Rs. 23323.51 crore.
The promoters holding in the company stood at 35.25%, while Institutions and Non-Institutions held 39.33% and 25.42% respectively.
Manappuram Finance has received approval for the issuance of Secured, Non-Cumulative, Redeemable, Listed, Rated, Non-Convertible Taxable Debentures (NCDs) of face value of Rs 1,00,000 for an aggregate amount up to Rs 500 crore on a private placement basis. Financial Resources and Management Committee of the Board of Directors of the Company at its meeting held on December 5, 2025, inter-alia has considered and approved the same.
Manappuram Finance is a Systemically Important Non-Deposit taking Non Banking Finance Company (NBFC). The company provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc.
